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Exercise 7.7 LO 4 Other accrued liabilitiespayroll taxes At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firms

Exercise 7.7 LO 4 Other accrued liabilitiespayroll taxes At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firms accountant neglected to accrue payroll taxes of $9,600 that were applicable to payrolls for the year then ended. Required: Use the horizontal model (or write the journal entry) to show the effect of the accrual that should have been made as of March 31, 2019. Determine the income statement and

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